Perfect World (PWRD -14.9%) falls to levels not seen since March '09 after reporting Q3 revenue...

Perfect World (PWRD-14.9%) falls to levels not seen since March '09 after reporting Q3 revenue of $111.2M (+22% Y/Y) and EPS of $0.53, missing consensus by $0.7M and $0.14. Revenue was dinged by a drop in in-game promotions, while margins were hurt by higher advertising and R&D spending. Perfect World expects Q4 Y/Y revenue growth of 18%-26%, below a 29.9% consensus.